{"id":58943,"date":"2026-02-23T00:08:34","date_gmt":"2026-02-23T04:08:34","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/southeast-asian-markets-surge-to-multi-month-highs-rbc-raises-lowes-target\/58943\/"},"modified":"2026-02-23T00:08:34","modified_gmt":"2026-02-23T04:08:34","slug":"southeast-asian-markets-surge-to-multi-month-highs-rbc-raises-lowes-target","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/southeast-asian-markets-surge-to-multi-month-highs-rbc-raises-lowes-target\/58943\/","title":{"rendered":"Southeast Asian Markets Surge to Multi-Month Highs; RBC Raises Lowe\u2019s Target"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Southeast Asian markets lead global gains<\/strong> as Indonesia&#39;s <strong>JCI<\/strong> and Thailand&#39;s <strong>SET<\/strong> index both jump <strong>1.5%<\/strong>, hitting their highest levels in months.<\/li>\n<li><strong>RBC Capital Markets<\/strong> has turned bullish on <strong>Lowe\u2019s Companies, Inc. (<a href=\"\/stock\/LOW\">LOW<\/a>)<\/strong>, raising its price target to <strong>$257<\/strong> as the retailer shows improved margin progress.<\/li>\n<li><strong>China\u2019s EV insurance sector<\/strong> is nearing a profitability milestone, driven by <strong>AI adoption<\/strong> and a strategic shift toward <strong>higher premiums<\/strong>.<\/li>\n<li><strong>India\u2019s financial markets<\/strong> stabilized on Monday, with the <strong>Rupee<\/strong> strengthening to <strong>90.76<\/strong> and benchmark bond yields softening to <strong>6.7143%<\/strong>.<\/li>\n<li><strong>Comac\u2019s C909 jet<\/strong> program received a <strong>634 million yuan<\/strong> capital injection to accelerate its international expansion across Asia.<\/li>\n<\/ul>\n<h2>Southeast Asian Indices Hit Major Milestones<\/h2>\n<p>Stock markets in Southeast Asia saw a significant rally on Monday, outperforming broader regional peers. The <strong>Indonesian stock index<\/strong> climbed <strong>1.5%<\/strong> to reach <strong>8,394.896<\/strong>, marking its highest peak since <strong>January 30<\/strong>. <em>This surge reflects renewed investor appetite for emerging market assets following a period of consolidation.<\/em><\/p>\n<p>In tandem, <strong>Thailand\u2019s SET index<\/strong> gained <strong>1.5%<\/strong> to hit <strong>1,501.96 points<\/strong>. This represents the index&#39;s highest level since <strong>October 18, 2024<\/strong>, signaling a robust recovery in the Thai equity market. <em>Analysts attribute the gain to easing political uncertainty and strong performance in the industrial and consumer sectors.<\/em><\/p>\n<h2>Indian Rupee and Bonds Show Resilience<\/h2>\n<p>India\u2019s financial markets opened the week on a positive note, with the <strong>Rupee<\/strong> strengthening to <strong>90.76 against the US Dollar<\/strong>, up from its previous close of <strong>90.98<\/strong>. <em>The currency&#39;s appreciation comes amid steady foreign fund inflows and a cooling of recent dollar strength.<\/em><\/p>\n<p>The <strong>India 10-year benchmark government bond yield<\/strong> also saw a slight decline, trading at <strong>6.7143%<\/strong> compared to the previous close of <strong>6.7214%<\/strong>. <em>The softening yields suggest a favorable liquidity environment and cooling inflation expectations within the domestic economy.<\/em><\/p>\n<h2>RBC Lifts Outlook for Lowe&#39;s<\/h2>\n<p><strong>RBC Capital Markets<\/strong> has updated its valuation for <strong>Lowe\u2019s Companies, Inc. (<a href=\"\/stock\/LOW\">LOW<\/a>)<\/strong>, raising the stock&#39;s target price to <strong>$257<\/strong> from <strong>$252<\/strong>. The revision follows the company&#39;s successful efforts to capture professional customer momentum and improve operational margins. <em>The new target implies continued confidence in the home improvement sector&#39;s resilience despite broader macroeconomic headwinds.<\/em><\/p>\n<h2>China\u2019s Industrial Advancements: EVs and Aviation<\/h2>\n<p>In China, the <strong>electric vehicle (EV) insurance market<\/strong> is reportedly turning a corner toward profitability. According to the <em>South China Morning Post<\/em>, insurers are leveraging <strong>AI-driven pricing mechanisms<\/strong> and <strong>higher premiums<\/strong> to offset high repair costs. <em>This shift is expected to stabilize the sector and support the continued rapid electrification of China&#39;s automotive market.<\/em><\/p>\n<p>Simultaneously, <strong>China\u2019s C909 regional jet<\/strong> (formerly the ARJ21) is gaining international momentum. <strong>Comac<\/strong> recently infused <strong>634 million yuan ($91.76 million)<\/strong> into <strong>Chengdu Airlines<\/strong> to support the jet&#39;s expansion into <strong>Southeast and Central Asian<\/strong> markets. <em>This capital boost is part of a broader strategy to establish the C909 as a viable competitor in the global regional aviation sector.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Southeast Asian markets lead global gains as Indonesia&#39;s JCI and Thailand&#39;s SET index both jump 1.5%, hitting their 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